On October 30th, a research report from Lyon pointed out that cm bank's performance in the third quarter of this year roughly met expectations. Specifically, revenue fell by 2.6% year-on-year, below the bank's expectation by 0.1%; pre-provision operating profit (PPoP) increased by 1.6% year-on-year, exceeding the bank's expectation; net income increased by 0.8% year-on-year, in line with the bank's expectation. Lyon believes that cm bank's operating expenses will not continue to decline by 10% year-on-year. As for its third-quarter performance, it has also set expectations for profitable growth for the full year of the 2024 fiscal year, therefore setting its target price at 43.2 Hong Kong dollars and giving it an "outperform" rating.